New 'Top-Dog' Careers for Out-of-Work Bankers

I-banking may be dead, but opportunities are out there
By Nick McMaster,  Newser Staff
Posted Oct 9, 2008 8:48 PM CDT
Former Bear Stearns hedge fund manager Ralph Cioffi exits Brooklyn federal court following a hearing in July.    (AP Photo)
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(Newser) – Now that the investment-banking party is over, what are all those hotshot bankers going to do? Bloomberg's Matthew Lynn takes a look at potential new "top-dog" careers:

  • African development. The pioneers who nurture African nations’ industry and infrastructure will be rewarded by the continent’s mineral resources and huge agricultural potential.

  • Advertising. The industry needs to be restructured to reflect the growing dominance of Internet ads over traditional print and TV.
  • Water. Storing and distributing the stuff will be a huge challenge in coming years, and those with effective solutions will be in demand.
  • Live Events. Music is less about the record store and more about the concert these days. New technology lets us stay home, but humans will always want to be social—and willing to pay to go out.